Swedish telecom Doro announced this week the acquisition of tele-assistance company Birdy Technology for $1.87 million (1.29 million EUR). Of that sum, EUR 0.61 million is cash to non-executive shareholders and EUR 0.68 million is 241,543 Doro shares to Birdy Technology CEO Xavier Corbin, in exchange for his shares in Birdy Technology. As part of the deal, Corbin will work for Doro for at least three years. No word on whether Birdy’s only other employee will join Doro.
The acquisition is part of Doro’s expansion into mHealth through its mobile phones for seniors, which includes acquiring Android developer Prylo in July.
Birdy Technology, founded in 2008, offers GSM-based home gateways that connect to various sensors: fall detection, pill boxes, wrist alarms, smoke detectors, etc. The gateways, called Birdy Boxes, connect to some of the sensors via Bluetooth, and alert a call center when the various sensors report an issue with the user.
In other words, the acquisition marks a significant diversification for phone maker Doro.
In a press release, Doro CEO Jérôme Arnaud stated that “the acquisition of Birdy Technology represents an opportunity for Doro to strengthen its offer in tele-assistance, forming a solid platform from which to add mHealth services at a later stage. Xavier Corbin’s expertise in the field of tele-assistance will help us develop our position in this market. We perceive growth and cost synergies with Birdy with whom we have much in common in terms of technologies and potential customers.”
Read the full press release below. Keep reading>>